The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C Sanketh Ram Reddy
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Promoter and Whole Time Director C Sanketh Ram Reddy has filed a disclosure under SEBI SAST Regulation 29(2) informing that his holding percentage has decreased from 8.12% to 4.64%. The reduction is due to a preferential allotment of 2,57,50,000 equity shares on May 21, 2026, which increased the company's total share capital from Rs. 34.37 crore to Rs. 60.12 crore. Importantly, there was no actual purchase or sale of shares by the filer – he continues to hold the same 27,90,000 shares. The percentage dropped solely due to dilution from the new share issuance to promoters and non-promoters.
This is a passive dilution disclosure with no direct buying or selling by the promoter. The stock may experience minor pressure as the promoter's effective voting power has been reduced, though the absolute shareholding remains unchanged. Investors should note the increase in free-float due to the preferential allotment.